Sunday 23 July 2017

New project starts to top 400 in 2010

DONAL BUCKLEY Commercial property Editor

Up to 141 building projects are due to start in the Republic during the next six months, bringing to more than 410 the number started for the whole year.

These are the findings of the latest Construction Information Services (CIS) survey including public and private projects. It has identified 481 projects north and south with start dates this year and CIS has estimated costs of €5.2 billion for 276 of these.

Among those to start in the autumn is the mixed development at the former Sunbeam Wolsey industrial site in Blackpool, Cork City. Developer Chris Smith of Rothbury Estates is expeted to spend €49m. on the building work.

In Dundalk, Finnabair Estates expects to proceed with a €6m. cinema development on the Inner Relief Road.

Bord Gais is also pressing ahead with a new 5,200sqm networks services centre at its Dunmoy House property at St Margaret's Road, adjoining the M50 in Dublin. The two-storey building will accommodate offices, a training school, and a national distribution gas control room.

In Tralee, Co Kerry, South Capital Developments is promoting a €4m residential development at Ballyseedy, which will include 39 new homes and two live work units.

Two medical centres are in the pipeline for later in the year -- one in Grangegorman, Dublin 7 and the other in Limerick. In the former The Grangegorman Development agency and the Health Services Executive are proceeding with a €28m project which will include a 66 bedroom mental health care facility as well as demolition of a number of existing buildings.

HSE is also constructing a six-storey 53-bed facility costing €35m at the Mid Western Regional Hospital in Limerick.

Gerard Chadwick, sales and marketing manager CIS explains the difficulty of identifying project start dates: "Our researchers regularly phone the project team to check when projects are starting. The status of a project may change from one which is scheduled to one which goes on hold."

Irish Independent

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